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Texas Republican Senate Primary Winner

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Bulls Say, Bears Say

Bulls Say

Paxton leads at 60% probability, reflecting strong frontrunner status

As incumbent AG with statewide name recognition, he holds structural advantages

Conservative base loyalty remains high despite past controversies

Bears Say

Weekly price drift of -1.0% signals eroding market confidence in Paxton

Low liquidity ($0.3M) suggests thin conviction behind current 60% pricing

Primary challengers can consolidate anti-Paxton votes in a runoff scenario